Category: Kong
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Hong Kong And Singapore Compete For The Top Spot
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With Bitcoin’s global markets again, Hong Kong and Singapore, who are from Asia Malian giants, compete to become The highest encrypted currency destinations. Both cities explore the organizational changes and rules that are friendly to investing in an attempt to attract digital asset companies and put themselves at the forefront…
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Hong Kong SFC Continues Crypto Oversight, Reveals Dozens of New Fake Platforms
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In a major development regarding the security of Crypto Assets, the Hong Kong Futures Committee (SFC) has informed 33 new suspicious sites claiming that it is affiliated with Hashkey, a checked currency trading platform in the region. this advertisement It increases a number of Hashkey’s flaws to 45. According to…
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As stablecoin bill advances in Hong Kong legislature, advocates trumpet its many uses
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Hong Kong residents are one step closer to experiencing the many applications of stablecoins, from local payments to cross-border trade settlements, as a bill covering the digital currency makes its way through the Legislative Council. proposed by the Hong Kong government Stablecoin bill Closer to becoming law, the city moves…
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Singapore Takes the Lead Over Hong Kong in Asia’s Crypto Hub Race – Here’s Why
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Bloomberg latest a report It revealed that in 2024, Singapore has managed to establish itself as a leading digital asset hub in Asia, overtaking Hong Kong in “regulatory efficiency and attractiveness” for cryptocurrency companies. In particular, the city-state has issued 13 cryptocurrency licenses this year, more than double the number…
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Crypto-Friendly Hong Kong Offers Tax Exemptions to Attract Hedge Funds and Family Offices
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Hong Kong recently announced a bold move to strengthen its position as a global financial centre, especially in the cryptocurrency sector. Recently an offerHong Kong’s Financial Services and Treasury Office has proposed a “waiver of capital gains tax” on investments in cryptocurrencies and other alternative assets by hedge funds, private…
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Hong Kong Promises More Approvals Soon
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Hong Kong Securities and Futures Commission (SFC). Announce It plans to issue more licenses to crypto asset exchanges by the end of 2024. The decision comes after a five-month evaluation period, during which only three platforms received full licenses and 11 provisional licences, raising initial concerns about the possibility of…
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Hong Kong Promises More Approvals Soon
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Hong Kong Securities and Futures Commission (SFC). Announce It plans to issue more licenses to crypto asset exchanges by the end of 2024. The decision comes after a five-month evaluation period, during which only three platforms received full licenses and 11 provisional licences, raising initial concerns about the possibility of…
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Hong Kong Crypto Scam: AI Deepfake Bust
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In a major crackdown, Hong Kong authorities have successfully dismantled a complex cryptocurrency scam that leveraged advanced artificial intelligence technology to deceive victims. The scam, which was associated with losses exceeding HK$360 million (about US$46 million), targeted unsuspecting individuals in various countries, including Taiwan, Singapore and India. The perpetrators used…
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Hong Kong Crypto Scam: AI Deepfake Bust
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In a major crackdown, Hong Kong authorities have successfully dismantled a complex cryptocurrency scam that leveraged advanced artificial intelligence technology to deceive victims. The scam, which was associated with losses exceeding HK$360 million (about US$46 million), targeted unsuspecting individuals in various countries, including Taiwan, Singapore and India. The perpetrators used…
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Hong Kong policy address seen pivoting from security to economic growth By Reuters
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Written by James Pomfret HONG KONG (Reuters) – Hong Kong is expected to announce measures to boost the city’s economy in its annual policy speech on Wednesday, including cutting tariffs on alcohol, as it seeks to revive the financial hub that has struggled to recover since the pandemic. Hong Kong’s…
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Chinese Stocks Soar More Than 8% in Hong Kong on Stimulus Bets
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(Bloomberg) — Chinese stocks listed in Hong Kong jumped the most in nearly two years, adding to stimulus-induced euphoria as traders returned from a public holiday. Most read from Bloomberg The Hang Seng China Enterprises Index rose as much as 8.5%, extending its winning streak to 13 straight days. Real…
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Expert Analysis: Why Ethereum And Bitcoin ETFs Struggle To Gain Traction In Hong Kong
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As excitement continues to grow surrounding the introduction of spot Ethereum and Bitcoin ETFs in the United States, Hong Kong has embarked on its journey to create a spot ETF market for these digital assets. But the performance of Hong Kong ETFs has not matched their success in the US,…
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Expert Analysis: Why Ethereum And Bitcoin ETFs Struggle To Gain Traction In Hong Kong
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As excitement continues to grow surrounding the introduction of spot Ethereum and Bitcoin ETFs in the United States, Hong Kong has embarked on its journey to create a spot ETF market for these digital assets. But the performance of Hong Kong ETFs has not matched their success in the US,…
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Midea shares leap 9.5% in Hong Kong debut after $4 billion listing By Reuters
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By Scott Murdoch and Donny Cook SYDNEY (Reuters) – Midea Group jumped 9.5 percent on its Hong Kong debut on Tuesday after the Chinese home appliance maker raised nearly $4 billion in the city’s biggest share offering in nearly four years, boosting hopes of a rebound in large Chinese issuances.…
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Hong Kong Tightens Crypto Rules: SFC May Take Charge Of OTC Trading—Here’s Why
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Hong Kong is considering changes to its regulatory framework for cryptocurrencies, particularly with regard to over-the-counter (OTC) virtual asset trading services. The Securities and Futures Commission (SFC) could play a greater role in overseeing the sector, working alongside the Customs and Excise Department (C&ED), according to a recent study. a…
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Hong Kong Tightens Crypto Rules: SFC May Take Charge Of OTC Trading—Here’s Why
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Hong Kong is considering changes to its regulatory framework for cryptocurrencies, particularly with regard to over-the-counter (OTC) virtual asset trading services. The Securities and Futures Commission (SFC) could play a greater role in overseeing the sector, working alongside the Customs and Excise Department (C&ED), according to a recent study. a…
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Hong Kong Tightens Crypto Rules: SFC May Take Charge Of OTC Trading—Here’s Why
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Hong Kong is considering changes to its regulatory framework for cryptocurrencies, particularly with regard to over-the-counter (OTC) virtual asset trading services. The Securities and Futures Commission (SFC) could play a greater role in overseeing the sector, working alongside the Customs and Excise Department (C&ED), according to a recent study. a…
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Hong Kong Tightens Crypto Rules: SFC May Take Charge Of OTC Trading—Here’s Why
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Hong Kong is considering changes to its regulatory framework for cryptocurrencies, particularly with regard to over-the-counter (OTC) virtual asset trading services. The Securities and Futures Commission (SFC) could play a greater role in overseeing the sector, working alongside the Customs and Excise Department (C&ED), according to a recent study. a…
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Hong Kong Property Pain Worsens for New World and Scion CEO
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(Bloomberg) — Shares of New World Development Co. fell as much as 14% Monday morning, as a slowdown in Hong Kong’s property market weighs on the company owned by billionaire Cheng’s family. Most Read from Bloomberg The company said late Friday it expects to post a loss of up to…
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Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM
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The three Hong Kong-based bitcoin ETFs have over HK$2 billion (about US$272 million) in assets under management since their launch earlier this year. New: ?? Hong Kong #Bitcoin ETF assets exceeded HK$2 billion in assets under management. China is getting ready ? pic.twitter.com/GQZC1Z5UFC — Bitcoin Magazine (@BitcoinMagazine) August 26, 2024…